05-Jan-2021 | Zion Market Research
As per analysts from Zion Market Research, the global BPA free cans market was capitalized at US$ 7.95 billion in 2018 and is likely to attain US$ 11.9 billion by 2025, developing at CAGR of over 5.1% in the forecasted period. The concerns over the utilization of BPA-based products have surged considerably in the last couple of years. Several associations have spent millions of dollars on the research and development activities to identify the severe health hazards of BPA-based products. In addition, they are endlessly involved in inducing public consciousness to ban BPA containing products like metal cans. Nevertheless, the administrations in most of the nations still do not consider BPA harmful and therefore have not debarred the use of BPA in food contact applications. The North America region will account for over 41% of the worldwide BPA free cans market share in terms of value by 2025.
The major contenders in the market are Toyo Seikan Co. Ltd., CAN-PACK Group, CCL Industries Inc., Ardagh Group S.A., CPMC Holdings Limited, PPG Industries, Inc., Crown Holdings, Inc., Ball Corporation, The Valspar Corporation, Kangnam Jevisco Co., Ltd., Kian Joo Group, Silgan Containers LLC, and DowDupont Inc.
New Alternative Products To Stimulate The Global BPA-Free Cans Market
The global BPA-free cans market signifies high growth likelihoods for the new participants to capture major market share and obtain a good brand representation in a shorter span of time. Nevertheless, the market of metal cans is strengthened by Ardagh Group, Ball Corporation, and Crown Holdings. These firms are occupied in lobbying activities to limit the prohibition of BPA coatings utilized in can linings. So, recent entrants can offer highly pioneering alternative products to seize high market share from other contenders present in the market.
The global BPA-free cans market is segmented based on the capacity, product type, material type, applications, and geography. Based on the capacity, the market is divided into 250-500 ml, less than 250 ml, 500-1000 ml, and above 1000 ml. Based on the product type, the market is divided into 2-piece, 3-piece, and monobloc. Based on the material type, the market is bifurcated into steel, aluminum, and plastic. Based on the application, the market is divided into beverages, food, pharmaceuticals, and personal care & homecare. The beverage section is further subdivided into alcoholic beverages and non-alcoholic beverages. The food segment is further subdivided into meat & seafood, fresh fruits & vegetables, dairy products, pet food, tea & coffee, dressings, sauces, condiments & soups, ready-to-eat food and others. The non-alcoholic beverages section is further subdivided into milk, juices, carbonated beverages, and others.
North America Region To Witness Largest Share In The Global BPA-Free Cans Market
Based on the geographical study, the global BPA-free market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is projected to account for the highest share in the global BPA-free cans market on the background of a high intake of ready-to-eat foods. The region is expected to trail in the BPA-free cans market since it has the highest per capita intake of packaging. The Middle East & Africa region is likely to contribute a small but fast developing market share in the BPA-free cans market.
Browse the full “BPA-Free Cans Market By Capacity (Less Than 250 Ml, 250-500 Ml, 500-1,000 Ml, And Above 1,000 Ml), By Product (2-Piece, 3-Piece, And Monobloc), By Material Type (Plastic, Aluminum, And Steel) By Application (Food & Beverages, Pharmaceuticals, Personal Care & Homecare, And Others), And By Region: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 - 2026.” Report at https://www.zionmarketresearch.com/report/bpa-free-cans-market
The global BPA-free cans market is segmented as follows:
By material type:
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